Meanwhile, Reuters headlines report: "Chipotle net income down, sees slower sales growth." Talk about misleading by technicalities. What's the agenda here? Do they feel like they need to tilt the headline to be in-line with the fact that the stock will open lower this morning?
Slower growth? Well, sure, because Chipotle's current growth rate is simply not sustainable. My 5 year old nephew might be able to tell you that! (Watching him eat a Chipotle burrito would be entertaining, though)
Chipotle's is healthy, but in the same hated sector that Panera (PNRA) is. And perhaps its valuation is somewhat high in the short term. So we wait, and we can pick up two great companies while the markets adjust.